Those coins having a value of perhaps $20,000. Or, if you prefer, that's a net loss to the mint of $480,000 from making coins. Or, in the more technical jargon, that's reverse seigniorage.

Venezuela’s highly subsidized gasoline, cheaper than anywhere in the world, could be more expensive starting next month. Why? The smallest coin that will be available in the market will be ...

And my prediction here would be that there's going to be a terrible shortage of bolivar coins real soon now in Venezuela, if there isn't already.

Venezuela on Tuesday was set to become the first country to launch its own version of bitcoin, a move it hopes will provide a much-needed boost to its credit-stricken economy.

Venezuelans have been given just three days to swap their biggest bolivar notes for coins. The South American nation will withdraw all 100 bolivar notes and replace them with coins of the same ...

CARACAS, Venezuela — Venezuela is introducing a new currency with the new year, hoping to fight inflation by lopping off three zeros from denominations.

Venezuela on Tuesday will become the first country to launch its own version of bitcoin, a move it hopes will provide a much-needed boost to its credit-stricken economy. Officials say the so-called… ...

Venezuela on Tuesday will become the first country to launch its own version of bitcoin, a move it hopes will provide a much-needed boost to its credit-stricken economy. Officials say the so-called… ...

Vladimir Gutiérrez, a beggar in Mérida, Venezuela. Meridith Kohut for The New York Times Barely a Few Coins After a Day of Begging in Venezuela January 30, 2016 ...

CARACAS, Venezuela — Crisis-ridden Venezuela is launching an oil-backed cryptocurrency Tuesday that it hopes will help circumvent U.S. financial sanctions and resurrect the country’s moribund ...

CARACAS, Venezuela — The credit-stricken country of Venezuela is set to become the first country to create its own version of bitcoin, a move it hopes will provide a much-needed boost to its ...

Venezuela on Tuesday will become the first country to launch its own version of bitcoin, a move it hopes will provide a much-needed boost to its credit-stricken economy. Officials say the so-called… ...